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SAN MATEO, Calif.—June 1, 2011—NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP software suites, today announced that it has won a 2011 CODiE Award for Best Financial Management Solution. This accolade was bestowed on NetSuite by The Software & Information Industry Association (SIIA). NetSuite is one of the thirty-one winners from 395 nominations recognised for industry excellence, beating out top competitors in the space. For more information about NetSuite's awards, please visit www.netsuite.com/awards.

Winning the accolade of Best Financial Management Solution is a testament to NetSuite's technology, success and innovation, and the process required detailed scrutiny by seasoned judges, a rigorous process that includes evaluation across 48 review criteria, together with comprehensive peer recognition.

Today, more than 10,000 companies and subsidiaries depend on NetSuite to run complex, mission-critical business processes in the cloud globally. Since its inception in 1998, NetSuite has established itself as the leading provider of enterprise-class cloud ERP solutions for divisions of large enterprises and mid-sized organisations seeking to upgrade their antiquated client/server ERP systems. As demonstrated by the CODiE Award for Best Financial Management Solution, as well as a recent Gartner study naming NetSuite as the fastest growing financial management systems vendor in the world, NetSuite has continued its success in delivering the best cloud businesses solutions to businesses around the world, enabling them to lower IT costs significantly while increasing productivity as the global adoption of the cloud is accelerating.

"Now in its 26th year, the CODiE Awards continue to recognise those companies providing the best new technology products and services across a broad array of industries," noted SIIA President Ken Wasch. "In addition, its winners are a prolific testament to the power of technology to deliver innovative solutions to businesses and consumers. SIIA warmly congratulates all of the winners and nominees of the CODiE Awards, whose innovation is essential for continuing America's leadership in the global knowledge economy," Wasch continued.

The CODiE Awards represent the software industry's only peer-reviewed awards program, with contestants subjected to rigorous testing by delegates from the software and information industry trade press, mainstream technology writers, analysts, consultants, and subject-matter experts. Nominated products underwent an intensive review by subject matter experts, analysts, journalists, and others with deep experience in the field. A listing of the 2011 CODiE winners is available on the CODiE Awards website at www.siia.net/codies/2011/winners.asp.

About SIIA
The Software & Information Industry Association (SIIA) is the principal trade association for the software and digital content industry. SIIA provides global services in government relations, business development, corporate education and intellectual property protection to 500 leading software and information companies. For further information, visit www.siia.net.